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Cymbria Day videos

Examining opportunities that we believe can double in value at our 14th annual Cymbria Day

May 18, 2022

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About this presentation

This document/video is not intended to provide legal, accounting, tax or specific investment advice. Information contained in this document was obtained from sources believed to be reliable; however, EdgePoint does not assume any responsibility for losses, whether direct, special or consequential, that arise out of the use of this information.

Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. This is not an offer to purchase. Mutual funds can only be purchased through a registered dealer and are available only in those jurisdictions where they may be lawfully offered for sale.

Annualized returns for Cymbria

Annualized returns for EdgePoint Wealth Management


These are the benchmark indexes we’ve chosen for our portfolios:

EdgePoint Global Portfolio: The MSCI World Index is a market-capitalization-weighted index comprising equity securities available in developed markets globally. The index was chosen as it’s a widely used benchmark of the Global equity market.

EdgePoint Canadian Portfolio: The S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange. The index was chosen as it’s a widely used benchmark of the Canadian equity market.

EdgePoint Canadian Growth & Income Portfolio: 60% S&P/TSX Composite Index / 40% ICE BofA Canada Broad Market Index. The S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange. The ICE BofA Canada Broad Market Index tracks the performance of publicly traded investment-grade debt denominated in Canadian dollars and issued in the Canadian domestic market. The blended benchmark was chosen because the former is a widely used benchmark of the Canadian equity market and the latter representative of fixed-income opportunities consistent with the Portfolio’s mandate.

EdgePoint Global Growth & Income Portfolio: 60% MSCI World Index / 40% ICE BofA Canada Broad Market Index. The MSCI World Index is a market-capitalization-weighted index comprising equity securities available in developed markets globally. The ICE BofA Canada Broad Market Index tracks the performance of publicly traded investment grade debt denominated in Canadian dollars and issued in the Canadian domestic market. The blended benchmark was chosen because the former is widely used for the Global equity market and the latter representative of fixed-income opportunities consistent with the Portfolio’s mandate.

EdgePoint Variable Income Portfolio: The iShares U.S. High Yield Bond Index ETF (C$-hedged) seeks to track the investment results of an index composed of US$-denominated, high yield corporate bonds. The index was chosen for being a widely used benchmark for high yield corporate debt securities.

Why our performance may not be similar to their benchmarks: We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability.

Forward-looking statements

This presentation may contain forward-looking statements including strategy, expected performance and condition. Forward-looking statements include statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or negative versions thereof and similar expressions.

In addition, any statement that may be made concerning future performance, strategies or prospects, and possible future action, is also a forward-looking statement. Forward-looking statements are based on current expectations and projections about future events and are inherently subject to, among other things, risks, uncertainties and assumptions about economic factors.

Forward-looking statements are not guarantees of future performance, and actual events and results could differ materially from those expressed or implied in any forward-looking statements made by EdgePoint. Any number of important factors could contribute to these digressions, including, but not limited to, general economic, political and market factors, interest and foreign exchange rates, global equity and capital markets, business competition, technological change, changes in government regulations, unexpected judicial or regulatory proceedings, and catastrophic events.

We stress that the above-mentioned list of important factors is not exhaustive. We encourage you to consider these and other factors carefully before making any investment decisions and we urge you to avoid placing undue reliance on forward-looking statements. Further, you should be aware of the fact that we have no specific intention of updating any forward-looking statements whether as a result of new information, future events or otherwise, prior to the release of the next Management Report on Fund Performance.

Endnotes

1. Source, Cymbria: Fundata Canada Inc. Source, MSCI World Index: Morningstar Direct. As at March 31, 2022. Total returns in C$. Security selection return calculated excluding EdgePoint’s value and its dividends while adjusting for Normal Course Issuer Bids (NCIB) or Liquidity Realization Opportunities (LRO) and excluding any EdgePoint changes in valuation or dividends. An NCIB is a process where a company slowly repurchases shares at a lower price and cancels them. An LRO is an agreement to buy shares from a willing seller at an agreed upon price when Cymbria shares trade at a discount to net asset value. The MSCI World Index is a broad-based, market-capitalization-weighted index comprising equity securities available in developed markets globally. The index was chosen for being a widely used benchmark of the global equity market. We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability from the index.

2. Source, EdgePoint returns: Fundata Canada Inc. Source, benchmark returns: Bloomberg LP. Annualized total returns in C$. EdgePoint Series F and the benchmark returns are since November 17, 2008. Series F is available to investors in a fee-based/advisory fee arrangement and doesn’t require EdgePoint to incur distribution costs in the form of trailing commissions to dealers. Benchmarks are the MSCI World Index (EdgePoint Global Portfolio) and the S&P/TSX Composite Index (EdgePoint Canadian Portfolio). The MSCI World Index is a broad-based, market-capitalization-weighted index comprising equity securities available in developed markets globally. The index was chosen for being a widely used benchmark of the global equity market. The S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange. The index was chosen for being a widely used benchmark of the Canadian equity market. Index returns are net of fees. We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability from the index.

3. Source, fees: Strategic Insight, Morningstar Direct. Category average MERs of actively managed, industry fund company series F funds in the following categories: Global Equity Category and Canadian Equity and Canadian Focused Equity Category. Series F is available to investors in fee-based/advisory fee arrangement and excludes trailing commissions. EdgePoint Portfolio MERs as at December 31, 2021.

4. Source, EdgePoint returns: Fundata Canada Inc. Source, benchmark returns: Bloomberg LP. Annualized total returns in C$. EdgePoint Series F and the benchmark returns are since November 17, 2008. Series F is available to investors in a fee-based/advisory fee arrangement and doesn’t require EdgePoint to incur distribution costs in the form of trailing commissions to dealers. Benchmarks are a 60% MSCI World Index/40% ICE BofA Canada Broad Market Index blend (EdgePoint Global Growth & Income Portfolio) and a 60% S&P/TSX Composite Index/40% ICE BofA Canada Broad Market Index blend (EdgePoint Canadian Growth & Income Portfolio). Index returns are net of fees. The MSCI World Index is a market-capitalization-weighted index comprising equity securities available in developed markets globally. The S&P/TSX Composite Index is a market-capitalization-weighted index comprising the largest and most widely held stocks traded on the Toronto Stock Exchange. The ICE BofA Canada Broad Market Index tracks the performance of publicly traded investment-grade debt denominated in Canadian dollars and issued in the Canadian domestic market. The blended benchmark constituents was chosen because the MSCI World Index is a widely used benchmark for the global equity market, the S&P/TSX Composite Index is a widely used benchmark of the Canadian equity market and the ICE BofA Canada Broad Market Index is representative of fixed-income opportunities consistent with the Portfolios’ mandates. We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability from the index.

5. Source, fees: Strategic Insight, Morningstar Direct. Category average MERs of actively managed, industry fund company series F funds in the following categories: Global Equity Category, Canadian Equity and Canadian Focused Equity Category, Global Equity Balanced, Global Neutral Balanced and Global Fixed Income Balanced Category, Canadian Equity Balanced, Canadian Neutral Balanced and Canadian Fixed Income Balanced Category. Series F is available to investors in fee-based/advisory fee arrangement and excludes trailing commissions. EdgePoint Portfolio MERs as at December 31, 2021.

6. Source, ETF return: Bloomberg LP. Source, EdgePoint return: Fundata Canada Inc. Total returns in C$. The iShares US High Yield Bond Index ETF is a market-capitalization-weighted ETF that provides exposure to a broad range of U.S. high-yield, non-investment grade corporate bonds. We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings and geographic/sector allocations may impact comparability and could result in periods when our performance differs materially from the index. Additional factors such as credit quality, issuer type and yield may impact fixed-income comparability from the index.

7. The Fund’s expenses are made up of the management fee, operating expenses and trading costs. The series’ annual management fee is a percentage of the series’ value and is determined at the beginning of each calendar quarter in accordance with the schedule of management fee tiers set out in the table . At the beginning of each calendar quarter, the management fee for that quarter is determined with reference to the daily average yield to maturity of the FTSE Canada Universe Bond Index (“Reference Rate”) in the preceding calendar quarter. As a result, the management fee may decrease as interest rates decrease and may increase as interest rates increase, on a trailing calendar quarter basis, in accordance with the management fee tiers set out in the following table.

EdgePoint may, in its discretion, waive a portion of the management fees applicable to any series. If waived, we may discontinue this waiver at any time without notice. Any such waiver would be effected at the beginning of a calendar quarter by charging a series one of the seven existing management fee tiers described in the table that is lower than the fee tier that would otherwise apply.

The daily average yield to maturity of the FTSE Canada Universe Bond Index in the preceding calendar quarter ended March 31, 2022 was 2.50%. Accordingly, the management fee for the second calendar quarter of 2022 should be 0.20% for Series F Units/Series F(N) Units of the EdgePoint Monthly Income Portfolio based on the fee table. EdgePoint has decided to maintain the current management fee of 0.10% throughout 2022, despite changes to the daily average yield to maturity of the FTSE Canada Universe Bond Index.

The index was chosen as it is a widely used benchmark of the Canadian fixed income market. We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including security holdings, credit quality, issuer type and yield may impact fixed-income comparability from the index.

A management fee reduction applies to those investors who have been invested in an EdgePoint Portfolio for 10 or more consecutive years and are currently invested in a qualifying Portfolio and series. Read about our 10-year Partner Program to find out more. Qualifying Portfolios are limited to EdgePoint Canadian Portfolio, EdgePoint Canadian Growth & Income Portfolio, EdgePoint Global Portfolio, EdgePoint Global Growth & Income Portfolio and EdgePoint Monthly Income Portfolio. Qualifying series are limited to A, A(N), F and F(N), along with their respective T4/T6 versions.

Series F is available to investors in fee-based/advisory fee arrangement and excludes trailing commissions.

8. As at March 31, 2022, the following company holdings were held in Cymbria and/or EdgePoint Portfolios:

Portfolios - EquityPortfolios - Fixed income

Legend: EPGP (EdgePoint Global Portfolio), EPCP (EdgePoint Canadian Portfolio), EPGIP (EdgePoint Global Growth & Income Portfolio), EPCIP (EdgePoint Canadian Growth & Income Portfolio), EPVIP (EdgePoint Variable Income Portfolio), EPMIP (EdgePoint Monthly Income Portfolio)

EdgePoint Investment Group Inc. may be buying or selling positions in the above companies. This isn’t indicative of investment advice and does not constitute a personal recommendation or take into account the particular investment objectives, financial situations or needs of individuals.

9. Source, index: Bloomberg LP. Source, EdgePoint fixed income returns: FactSet Research Systems Inc. EdgePoint Growth & Income Portfolio’s fixed income performance figures shown for illustrative purposes only and aren’t indicative of future performance. They aren’t intended to represent returns of an actual fixed-income fund as they weren’t investible. EdgePoint Growth & Income Portfolio’s fixed income performance figures are gross of fees, in local currency and approximations calculated based on end-of-day holdings data (actual trading prices not captured). The ICE BofA Canada Broad Market Index tracks the performance of investment grade debt publicly issued in the Canadian domestic market. We manage our Portfolios independently of the indexes we use as long-term performance comparisons. Differences including credit quality, issuer type, yield-to-maturity and duration may impact comparability to the index.

10. The Canadian Fixed Income category are funds that must invest at least 90% of holdings in C$-issues, have a minimum of 60% invested in investment grade (BBB or higher rating) issues and an average duration greater than 3.5 years. Up to 30% of foreign fixed income can be considered Canadian if it is hedged against C$. The Global Fixed Income category are funds that must invest at least 90% of holdings in non-C$-issues and have a minimum of 60% invested in investment grade (BBB or higher rating) issues. Categories are maintained by the Canadian Investment Funds Standards Committee (CIFSC).

11. The ICE BofA Canada Broad Market Index tracks the performance of publicly traded investment-grade debt denominated in Canadian dollars and issued in the Canadian domestic market. The ICE BofA Canada Broad Market Index was chosen as it is a widely used Canadian fixed income benchmark and represents what the average Canadian investor uses to measure fixed income performance against. The Bloomberg Global Aggregate Index is a flagship measure of global investment grade debt from twenty-four local currency markets. This multi-currency benchmark includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers.